Of the seventy-one, five were general obligation bonds and 66 were non-GO (revenue) bonds.
Stay with general obligation bonds, which are backed by the full faith and credit of a municipality.
But if you are a worry wart then buy only essential service revenue and General Obligation municipal bonds.
For example, is it a general obligation bond or is it tied to a specific tax or revenue stream?
While they yield a little less than a state general obligation bond, they are perceived as having less volatility.
There are pockets of opportunity called Texas, Tennessee, Georgia and General Obligation bonds.
Citizens do not have a general obligation to communicate with others in a way that the government can readily understand.
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The insurance company declares a rate that they will pay, and the investments are a general obligation of the company.
In the General Obligation muni bond space, stick with states whose present budgets and unfunded pension liabilities appear somewhat manageable.
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ETNs represent a general obligation of the issuer (or some other named counterparty) who promises to deliver the return of some index.
Make sure your bonds are essential service, general obligation or revenue bonds that through thick and thin (plan on even thinner) will pay.
Stick with AA-rated, general obligation bonds, or bonds that are backed by services that are crucial to the municipality like water or power bonds.
Instead, buy general obligation bonds from great credit worthy states and cities like Texas, City of Houston, Dallas, Virginia State, Richmond, Tennessee and Maryland.
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Investors willing to work a little harder can earn another percentage point by buying general obligation bonds from small lesser-known towns and school districts.
What if a fiscally challenged state comes to market with 30 year General Obligation bonds and few buyers show interest at a paltry 5.5% yield?
Harrisburg general obligation bondholders can breathe a shallow sigh of relief.
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And his ten-year-old Deutsche Municipal Bond Fund did 7.26%, versus 5.98% for the Lehman Five Year General Obligation Index, putting it in the top 4% of its class.
Should it limit the subsidy to general obligation bonds only?
To reduce interest-rate and default risk, Ms. Benz suggests sticking with intermediate-term muni-bond funds with a high percentage of their holdings in general-obligation bonds, which are repaid with tax revenue.
Instead, they should consider investing in higher-rated general-obligation bonds those rated at least double-A which are backed by the full taxing power of a state, city or county, and bonds issued by essential services like water and sewers, Mr. Ciccarone says.
But the General also has an obligation to the truth and to the President who appointed him.
Scannell contrasts that attitude with the perspective of those members of the Greatest Generation, for instance, who often volunteer out of a more general sense of a duty and obligation.
They are not voted into office by the general public and therefore do not have the obligation to listen to the public.
The assault on the individual mandate is really an assault on the public duty to assist other Americans in need, and in particular, an assault on the legal obligation to pay taxes to contribute to the general welfare.
In other words, the employees, both union and management, general and public safety, are right now paying off the pension obligation bonds.
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In Minnesota Attorney General Lori Swanson has proposed that mortgage brokers should have a "fiduciary obligation" to act in a borrower's best interest and an obligation to disclose insurance and property taxes in the monthly payment quoted to the borrower.
"Although the attorney general is, of course, the federal government's chief law enforcement officer, you have an independent obligation to ensure that the nation's laws are upheld, " Hatch wrote.
Lord Robertson, a former Nato secretary general, has called Germany "irresponsible" for wanting to remain under America's nuclear umbrella while exporting the obligation of maintaining it to other European states.
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